Around the Net
Chinese Actress Using Venture Fund for Commerce
- South China Morning Post, Monday, June 22, 2015 12:30 PM
Chinese actress and model “Angelababy” Yang Ying made the first two investments using her venture capital fund AB Capital on Wednesday. She set the fund up this week. The Shanghai-born actress, who is set to appear next year in the Hollywood blockbuster Independence Day 2, snapped up shares in Chinese overseas purchasing e-commerce site Ymatou and beverage brand HeyJuice, according to the two companies’ official blogs on Chinese microblogging site Sina Weibo. The size of the investments was not publicly disclosed. Her move to gain at least partial control of Ymatou comes as cross-border e-commerce has been identified by Barclays as one of five trends to watch in the second half of 2015 in China’s internet industry.
